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Living Benefit Rider

Access to death benefits when needed most

Catholic Financial Life’s Living Benefit Rider is an accelerated death benefit that recognizes life’s uncertainties and the financial stress of an unforeseen illness. It allows your client to access a portion or all of the death benefit before death if they are diagnosed with a covered terminal, chronic or critical illness. Best of all, it’s automatically included on policies that meet the requirements at no additional cost. This is not health insurance, nursing home insurance or long-­term care insurance. It is an accelerated benefit rider that can help you make mortgage payments, pay medical bills, meet daily expenses and much more during difficult times.

Product Information Sheet


Issue Limits

Issue Ages: 0 to 85

Minimum Face Amount: $25,000 at Issue
The minimum face amount in force at the time of the claim must be $25,000 for Terminal Illness, and $50,000 for Chronic and Critical Illness.

Available for

  • Ultimate Flex Universal
  • Life Insurance
  • 20 Pay Whole Life
  • Ordinary Whole Life (Participating)
  • Value Life (Non-Participating)
  • Single Premium Whole Life
  • 10-, 20- and 30-Year Term Life Plans

Qualifying Conditions

Chronic Illness

An insured will be considered chronically ill if they have been certified by a licensed health care practitioner* as:

  • Having a permanent inability to perform, without substantial assistance from another person, at least two activities of daily living** for a period of at least 90 days due to a loss of functional capacity
  • Requiring permanent substantial supervision to protect themselves from threats to health and safety due to severe cognitive impairment.

* A licensed health care practitioner includes a physician, registered nurse or a licensed social worker.
** Activities of daily living include bathing, continence, dressing, eating, toileting and transferring.

Critical Illness

  • Heart Attack
  • Stroke
  • Invasive Cancer
  • End-Stage Renal Failure
  • Major Organ Transplant
  • Amyotrophic Lateral Sclerosis (ALS)
  • Coronary Artery Bypass Surgery

These conditions were selected because they are expected to result in a drastically limited life span, but do not necessarily meet the definition of terminal illness (expected life span of less than twelve months).

Terminal Illness

An insured will be considered terminally ill if they have been diagnosed with an illness or condition that can reasonably be expected to result in death within 12 months from the date of the physician’s statement.

Living Benefit Rider Calculator
Living Benefit Calculator


Living Benefit Calculator

The Living Benefit Rider will not be less than the proportion of the eligible death benefit that is accelerated times the excess of the cash value over any outstanding contract debt.

15-0053-03/23 Catholic Financial Life is headquartered in Milwaukee, Wis. Products and services are not available in all states. 

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